Low PE & high ROE multibagger stock under Rs 100 hit back-to-back upper circuits as company reports a 1,272.55 per cent jump in PAT
The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 2,200 per cent in 5 years.
On Wednesday, shares of Mini Diamonds (India) Ltd were locked in a 2 per cent upper circuit to Rs 90.62 per share from its previous closing of Rs 88.85. The stock’s 52-week high is Rs 102.90 and its 52-week low is Rs 17. The company has a market cap of Rs 32.34 crore.
Mini Diamonds, a diamond industry leader since 1987, boasts a remarkable journey. Initially focused on import and export, they've become renowned for their exquisite cut and polished diamonds and beautiful jewellery. Their success hinges on a strategically located Mumbai facility equipped with cutting-edge technology for every stage of diamond processing, from precision analysis to meticulous cutting.
Revenue from operations for the period surged by 266.5 compared to Q1FY24, escalating from Rs 2.43 crore to Rs 89.13 crore in Q1FY25. EBITDA followed suit, skyrocketing by 578.33 per cent from Rs 0.34 crore to Rs 1.97 crore. This stellar performance is further accentuated by a remarkable 1272.55 per cent growth in PBT/PAT, jumping from Rs 0.14 crore to Rs 1.84 crore. These exceptional results translate to an estimated annualized quarterly EPS of Rs 20.60.
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Mini Diamonds (India) Limited has strategically shifted its focus from natural to lab-grown diamonds and jewellery, launching 300 new designs to solidify its position in the industry. The company has incorporated subsidiaries for retail operations and auxiliary services, aiming to expand its reach through physical stores, e-commerce and hallmarking. Additionally, Mini Diamonds is pursuing opportunities in the silver lab-grown diamond jewellery segment and entering the US market with its Sterling Silver and Gold Lab-grown diamond jewellery through a strategic partnership. These initiatives demonstrate the company's commitment to innovation, growth and delivering high-quality products to its discerning clientele.
The shares of the company have a PE of 8.5x and an ROE of 30 per cent. The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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